Dallas july 13 2017

Centre Living has bought up land to build more than homes in the Dallas area. The builder is finishing the first houses on one of its projects on the western edge of Highland Park near Lemmon Avenue.

Centre Living has opened a marketing center in the Dallas Design District where it is showing features and floorplans to buyers. Brickman first started building in the Dallas area more than five years ago when he was constructing large custom homes in Oak Lawn. There are only so many people that can afford a million-dollar townhouse.

Centre Living Homes was then founded under the umbrella of Plano-based Green Brick Partners, which invests in home communities and building companies. Finding suitable building sites has been one of Centre Living's biggest challenges, said Brickman. Anything under 3 acres is hard to fit apartments on. After the builder gets a property, it usually takes months before the first foundations are poured.

It is the view of our economists at the Dallas Fed that we are in the midst of a fragile equilibrium regarding global oil supply and demand. In our most recent Dallas Fed Energy Survey , the majority of industry respondents expect global consumption and production of oil to move into rough balance sometime in This is a delay from our previous expectation that supply and demand would come into balance during Since the fall of , U.

It is our estimate that U. There is also a question as to whether OPEC members, and other oil-producing nations, will stick to their commitments to reduce production in the face of steadily rising U. This fragile balancing process is happening in the context of record levels of excess global oil inventories. Assuming they continue to extend their production agreement, our economists anticipate excess inventory levels should begin to consistently decline sometime during Our recent Dallas Fed Energy Surveys continue to show a notable increase in plans for capital spending in by exploration and production firms, though at a slower pace in the second quarter.

We observe that the bulk of these spending plans are focused on shale oil production and are likely to involve investment in technologies that will create greater production efficiencies.

Survey participants report that, in a number of locations, current market prices are sufficiently above breakeven levels to encourage further rig count growth, particularly in the Permian Basin. Many of our recent discussions with industry contacts continue to be focused on the substantial potential supply upside of the Permian Basin in the years ahead.

The Permian Basin has oil-bearing deposits that are layered, allowing multiple horizontal wells to run off a single well pad and much higher resource recovery per acre. The Permian currently produces approximately 2. As a result, we expect that major oil companies, in the near term, may continue to avoid large long-lived capital projects and will, instead, focus their capital spending on more flexible and shorter-life-cycle shale opportunities in the U.

Texas continues to benefit from the migration as well as immigration of people and firms to the state. The population of Texas is estimated to have grown from approximately Against this optimistic backdrop, I am cognizant that U.

In particular, we believe that U. Mexico is the top destination for Texas exports. Manufactured goods exports supported, directly and indirectly, an estimated 1 million jobs in Texas in , equal to 8. Dallas Fed economists believe that the trading relationship with Mexico has helped various industries in Texas [5] as well as the U.

In addition, Texas border cities have benefited tremendously from the increasing U. GDP in the U. This disappointing rate of growth was due to weak growth in consumer spending as well as a significant inventory deceleration. Despite this poor start to the year, our Dallas Fed economists expect GDP growth slightly in excess of 2 percent in The key underpinning of our forecast is our expectation of a strong U.

The U. In addition to a strong consumer, we also expect GDP growth in to be bolstered by some improvement in nonresidential fixed investment. We expect that our estimate of GDP growth, while sluggish by historical standards, will be sufficient to remove remaining slack from the labor market. Potential changes in fiscal policy and structural reforms could provide upside to this forecast. However, it is also the case that U. Unemployment We are making good progress toward reaching our full-employment objective.

The June jobs report showed an increase of , jobs and an unemployment rate of 4. The average monthly pace of job gains in is approximately , versus , in As we move forward, I would not be surprised if the average rate of job growth continued to slow, consistent with a declining level of labor slack in the economy.

American author and animal rights advocate Carol J. Aurelia Han. When she's not dancing at the ballet studio or taking a class at SoulCycle, she's probably writing, eating or thinking about food. She also writes about entertainment, fashion and all things trendy. Aurelia's the type of girl who always has room for dessert and goes to sleep to eat breakfast.

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